Robex Resources (CVE:RBX) Shares Up 5.6% – Should You Buy?

Shares of Robex Resources Inc. (CVE:RBX) were up 5.6% during mid-day trading on Wednesday . The company traded as high as C$2.62 and last traded at C$2.62. 5,000 shares were traded during trading, a decline of 78% from the average daily volume of 22,867 shares. The stock had previously closed at C$2.48.

Analysts Set New Price Targets

Separately, Canaccord Genuity Group set a C$3.75 price objective on Robex Resources and gave the stock a “speculative buy” rating in a research report on Wednesday, December 11th.

Robex Resources Trading Up 5.6 %

The company has a quick ratio of 1.14, a current ratio of 0.92 and a debt-to-equity ratio of 17.79. The company has a fifty day simple moving average of C$2.46 and a two-hundred day simple moving average of C$2.63. The stock has a market capitalization of C$395.23 million and a P/E ratio of -4.94.

About Robex Resources

Robex Resources Inc operates as a gold production and development company in West Africa. The company operates the Nampala mining permit located in southern Mali; and the Kiniero Project in Guinea. It also holds five exploration permits, including Mininko, Kamasso, Gladié, Sanoula, and Diangouté in Mali.